FSB issues statement in support of IFRS 17

  • FSB (Financial Stability Board) (lt green) Image

17 Jul 2017

The Financial Stability Board (FSB) has issued a statement welcoming the IASB's new insurance accounting standard.

The statement is little more than an announcement that IFRS 17 Insurance Contracts is now available but also notes:

Nevertheless, the FSB encourages firms to start the implementation efforts as soon as possible, and to engage in open dialogue with the IASB on the ways in which the standard’s application can generate the most relevant information.

Please click for the statement on the FSB website.

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